Mumbai: JK Paper Ltd. is a well-known paper manufacturing company in the country. It manufactures a wide variety of paper products and premium packaging boards. It is a leading manufacturer of Office Papers, Coated Papers, Writing & Printing Papers and High End Packaging Boards in the country. The company has three integrated pulp and paper mills. Of these, one is in Rayagada (Unit JKPM) of Odisha on the East Coast, one at Songadh (Unit CPM) in Gujarat on the West Coast and one at Kagaznagar (Unit SPM) in Telangana. The company has recently expanded the packaging board capacity at Unit CPM to 170,000 TPA. With this, the company’s capacity has increased to 761,000 TPA. The company’s business spans more than 60 states, including countries in the Americas, the Middle East, Europe, Southeast Asia and Africa.
JK Paper Limited has given multibagger returns to its investors in the last two years. Its share price was Rs 88.05 on May 22, 2020, which reached Rs 350.30 on May 22, 2022. In the fourth quarter of FY 2022, the company’s net revenue on a consolidated basis stood at Rs 1339.82 crore, a growth of 49.17 per cent over the previous year. Similarly, the profit after tax (PAT) of the company also increased by 25.06% to Rs 170.17 crore. On the valuation front, the company is currently trading at a TTM PE of 10.05x while the industry PE is 45.22x. The company’s ROE in FY 2021 stood at 18.15% and ROCE at 16.57%.
At 9:53 am, the stock of JK Paper Limited was trading 2.69 percent higher at Rs 330.30. The 52-week high of this stock is Rs 387.40 and the 52-week low is Rs 149.35.
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